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20130127
20130127
Search Results 0 to 11 of about 12 (some duplicates have been removed)
sure the euro got through this problem. and i was designated as a questioner to ask him about the banking union. and at that point he was very optimistic. he thought the banking union could be worked on and in place in the first quarter of this year. well, now they've moved it to the first quarter, hopefully, of 2014, and you still have arguments over how it's going to be done. so you need to put a timeline on this, and then you've got to adhere to it. but to get the banking system back with similar regulations throughout the eurozone is absolutely necessary. it is key to the recovery of europe. second of all is a plan that he talked about on july 26th in london last year which is the outright monetary transactions, omt, where it's the ecb would buy bonds from the countries in trouble along with the european stability mechanism under certain conditions. in other words, certain conditionality. now, the ecb isn't going to put up that conditionality. they've got enough on there as a central bank and now as a supervisor for the banks. and so it'll probably be the international mon
for the river and an island for the city. >> 1 trillion euros -- that's roughly how much the eu countries lose every year to tax evasion. brussels is not amused, not least because the euro crisis is far from over. now europe is looking f ways to more effectively track down and penalize tax dodgers. in italy, tax collecting is done by the finance police, the guardia de finanza. employees often used dubious methods when chasing down tax defaulters. the tax collectors work on commission. the more people they catch, the better for them. that is putting pressure on ordinary italians, especially sml and medium-ze cpani. >> it was a spectacular protest against italy's new tax laws. the owner of a small beach bar scaled the dome of st. peter's basilica in rome and stayed put for some 24 hours. when he climbed back down, he was greeted by a cheering crowd. [applause] >> i really hope this tax issue is resolved soon and our small businesses as well as the whole economy can pick up again, at least a little. >> the tax measures by italy's technocrat government under the prime minister are another weapon i
's human rights council. bbc news in moscow. >> stocks rose today as the euro hit an 11-month high. investors took heart that europe's financial crisis may have eased. it is ironic as the situation improves, the real economic situation for many europeans its worst -- gets worse. the british economy shrunk more than expected. the belgian economy is just as bleak. throughout northern and southern europe, the fear is losing your job. >> the fire has been burning for three months fell, who arming the striking workers. they are the latest victims of europe's economic crisis. say goodbye to the sprawling ford factory in eastern belgium. it is shutting down. with europe in recession, they are not selling enough vehicles. >> is a disaster for the region. 11,000 jobs were lost. we hope there are other jobs. >> i am feeling very insecure. i am feeling very insecure for the future. >> insecure and angry, which is why the workers have impounded 7000 cars. it is a new bargaining chip in their negotiations. what is happening shows how the eurozone debt crisis is becoming an economic and social c
central bank to drop interest rates which would, i think, push the euro lower and help on exports. i think it always hangs out there, you know, that's the biggest argument why greece should leave the euro. i do not see that you're going to have the two-tiered or three-tiered system. .. because if you don't show there's growth potential -- i should say portugal increased its experts substantially, -- exports substantially. you have to be competitive. you have to have deregulation. those are even more important than a devaluation, because a devaluation only last so long, whereas if you make the structural changes -- this is going to be a challenge for -- you had 14 of these stimulus programs since the late 1990s in japan, and none of them have really done the job. so you have to bundle this up in a packet, and put them through. so that's the best way i can answer you. i think that where europeans have fallen down -- goes back to the questions we already had -- they didn't put the emphasis on being competitive. they didn't put the emphasis on driving the fiscal side and the monetary said and
currency. the euro is the alternative and look at the problem they are having there. the dollar has gone down in value by 50% against the euro in the last decade. that's because our debt tripled in that amount of time 1971 the so-called nixon shock of wage and price controls and the gold standard ever since then since there has been dollar inflation. it has been fairly consistent in terms of its value, hasn't it? >> no. it's done with up and down. like i said, it's t. lost a tremendous amount of value against the euro. and the issue is the fed just prints money. it just keeps interest. in for the economy. there is going to be inflation. prohibited oddly enough in richard virginia. there you go. look at these. v.a. is going to spend $22,000 to study a virginia alternative currency. that kind of a waste of taxpayer money? >> you know, in a way it is. the issue is we have had, before we haven't just had the dollar forever. at one point, in 1836, there were every state had its own bank note. and there were 16,000 chartered types of currency. so easy to counterfeit. it d bs didn't work at all
they might be overwhelming like the euro crisis have been weathered. people from america are optimistic. those from emerging markets more so, but everywhere there is a sense of caution. in pwc's annual global ceo survey released this week, 52% saw no change from the current tepid economic environment. 28% saw decline and 18% said things will get better. it is still an improvement from last year when 48% predicted a decline. the last few years of recovery followed by slow downs of political crisis, of new terror attacks from north africa have made people weary of excessive optimism. things are stable, crises have been contained, there's some growth on the horizon, but no one's ready to declare that we've turned any corners. there are no bulls in davos. no countries taking center stage. one symbol of the mood, the big splashy parties that companies like google used to throw have been quietly discontinued. not that google couldn't afford it, by the way. they just had their first year with $50 billion in revenues. underlying this caution, i believe, is a sense that growth that people had go
problems a while ago and do not have a lot of history. we also report to the credit euros so you have a chance to build your score afterwards. we do not have a minimum credit score. we also have loan officers that are culturally competent. they are fluent in spanish. we are looking -- working in an lot of immigrant communities. parts of the shore are big residential communities for people who are immigrants because the rents are really cheap. a lot of people will live there during the rest of the year because it is cheaper to do so. a lot of people in those areas have been affect did. we are supporting this business is. program to date is lent out over $200,000. we funded more than 50 business es. we have deployed more than 80% of the capital that we have. for this program, we are in the process of raising additional capital. also, raising funds so we can hair our loan -- pair our loans with a business grant as well. portion of receive a the proceeds in the form of a grant. business grants are are a tricky thing. there is discussion earlier. the challenge we have had is that, how we m
Search Results 0 to 11 of about 12 (some duplicates have been removed)